Title: Will Bitcoin break 70,000 $ this week? Here’s what the technical analysis says

Content:

Bitcoin (BTC) is showing a strong recovery after finding solid support around 62,000 $. Currently, the price is fluctuating around 66,800 $, with bullish momentum driven by institutional interest and a decrease in selling pressure.

Technical Analysis (H4):

50 Moving Average: dynamic support in the 65,200 $ area

MACD: confirmed bullish crossover

RSI: above 60, indicating buying strength

Bollinger Bands: price breaking out upwards – watch for a breakout

Possible scenarios:

1. Bullish: If BTC breaks the resistance at 67,500 $, a rise towards 70,000 $ is likely in the short term.

2. Bearish: If the 65,000 $ support breaks, the price could return to 62,800 $.

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